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Savings account help.

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Savings account help. anyone know if i would loose the bonus interest if i stopped using the account for example[IMG]file:///C:/Users/Jack/AppData/Local/Temp/moz-screenshot-3.png[/IMG]Coventry BS: Easy access 3.15% APRYou can make 4 penalty-free withdrawals per year

rate: 3.15% AER variable inc 1.15% bonus

would i loose the 1.15?
only want to invest for a few months
thanks

Comments

  • heres a good site to ask

    http://www.savingschampion.co.uk/
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • Coventry's website says " The first year interest rate bonus will be calculated daily and will be earned on your investment up to and including the day before the first anniversary of the account opening, or the day before account closure, whichever is earlier. The bonus will be paid at the same time as the variable interest."
    So the answer is that you won't lose the bonus but obviously will only earn it up until closure.
  • Gromitt
    Gromitt Posts: 5,063 Forumite
    By the way, Jack ;), you have to use a website to host your images, as other people on this forum can't access your PC to retrieve them :)
  • thanks to all the advice was most helpful
    wacko22
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